Credit Card Brokers

Amex Forex Brokers.

Learn more about foreign exchange and international payments solutions from American Express for businesses in various industries. Use American Express foreign exchange services to receive incoming forex payments from clients for work completed during all phases of your project. Reduce exposure to foreign exchange rate movements by locking in the exchange rate for incoming payments, up to 12 months in advance. 3.

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Credit card FX brokers are forex brokers that have provided their traders the ability to deposit funds and also withdraw funds using their bank-issued credit cards.

Usage of credit cards on forex platforms provides a quick and seamless way to transact on the account. Once the trader has a card issued from his bank from an approved provider, it is easy to apply the credit card in funding and withdrawing profits from the trading account.

FX brokers do not provide this facility for everyone as there are geographical restrictions in place. In a world where terrorism, organized crime, human and drug trafficking and money laundering exists, there is a need to sanitize the trading marketplace to ensure that the relative anonymity conferred by the use of a credit card does not provide an avenue for such dirty money to distort the markets.

As such, brokers will maintain an international blacklist whereby nationals of certain countries are barred from transacting on their platforms with credit cards. While this may sound discriminatory, brokers have decided to err on the side of caution by maintaining this stand in terms of credit card deposits and withdrawals. For those who are allowed to use credit cards by their brokers, certain parameters are put in place to prevent fraud, which is a lot easier to perpetrate using credit cards than if a method such as wire transfers was used.

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